Est. cap rate

2.8%

Assumed rent, all units

$8,310/mo

Units

3

Price per unit

$600,000

Est. annual NOI

$49,860

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

2,685 sqft

Lot size

6,009 sqft

Year built

1942

Stories

2

Garage spaces

4

Pool

None

Status

Active

Days on market

13

MLS #

248063081

About this property

Owner-user opportunity on one of Glendale's most walkable boulevards. This 1942 traditional two-story triplex, extensively remodeled in 2016, offers a spacious 3-bedroom upstairs unit and two 1-bed/1-bath units downstairs, totaling approx. 2,685 SF on a 6,007 SF GLR4YY-zoned lot. One downstairs unit will be delivered at close of escrow, ready for a buyer to move in, renovate, or lease at market, while the other two units provide in-place income of $6,345/month to help offset ownership costs. A detached 4-car garage and a wide paved parking court offer rare off-street parking, with potential for garage conversion or ADU addition. Steps to the Alex Theatre, cafes, and neighborhood shops along the Glenoaks corridor. Buyer to independently verify square footage, zoning, and all development potential with the City of Glendale.

Location

824 W Glenoaks

Glendale, Los Angeles, CA, 91202